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Gold miners reject pay offer – report

UPDATED: Striking gold miners have rejected the industry’s latest wage offer, reports news agency Reuters.

AngloGold raises $1.58bn to close hedge book

AngloGold Ashanti has exercised an over-allotment option on its share and bond issue to help raise an overall $1.58bn to close its hedge book.

Aurora may receive R50m lifeline

Some R50m in emergency funds could be funelled to Aurora Empowerment Systems by a Swiss-based fund, provided the reverse takeover by Labat is complete.

Perseus Mining on track to report up to 291,000 oz in...

PERSEUS Mining was on track to produce up to 291,000 ounces of gold for its 2019 financial year ended June 30 after reporting March...

Blyvoor, Beatrix back in business

Striking employees at Village Main Reef’s marginal Blyvooruitzicht mine have returned to work following their acceptance of a wage hike proposal.

Great Basin Gold to shut Burnstone, seeks $40m

The chances of recovering fair value for assets in Great Basin Gold took a turn for the worse as the company announced it was forced to shut its key South African mine.

Sibanye Gold weighs Beatrix uranium option

All options would be considered to keep the fire-hit Beatrix West open including an interation of plans to mine it for its original purpose: uranium.

Mandela, Zuma to face criminal charges

Aurora’s Zondwa Mandela is to be served with papers that he defrauded the JSE, says the Joint Provisional Liquidators of Pamodzi, who added Khulubuse Zuma would also be in the firing line.

Kenya, DRC to probe gold smuggling

Kenya and the Democratic Republic of Congo have formed a joint team to investigate gold smuggling from eastern Congo.

Blyvoor Gold set to start construction in January

Peter Skeat’s project to re-open the former Blyvooruitzicht (Blyvoor) gold mine should finally get the green light in January after a string of funding...